Sunday, March 27, 2016

Yet another misrepresentation on foreign property investment in Australian property

Yet another newspaper article misrepresenting the facts on Australian property.

Foreign investors CANT negatively gear investment losses on property in Australia HOWEVER they can "carry forward losses" for when they do make a profit (eg the 10k we personally lose each year carries forward to when we might make a profit when we sell the property).

Meaning Australians are renting at cheaper prices than it would otherwise cost them Plus have more properties to rent which increases competition for tenants.

Of course dont let the facts get in the way of a good story reporters.